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Tatil acquires Trident insurance in Barbados cnc3.co.tt - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnc3.co.tt Daily Mail and Mail on Sunday newspapers.
Tatil takes over Trident Insurance
Article by May 7, 2021
Trinidad and Tobago Insurance Limited (Tatil) has officially acquired Trident Insurance Company with regulators in both countries giving their nod to the deal, Tatil Chairman Ray A. Sumairsingh announced Thursday.
The acquisition process which started in December 2019 had suffered setbacks owing to the COVID-19 pandemic.
The operations of Brydens Insurance, the Barbados branch of Tatil, have already merged with Trident Insurance, under the Trident brand name.
Commenting on the acquisition, M. Musa Ibrahim, Tatil’s Managing Director said: “We are excited by the many opportunities this transaction creates and the enhanced value it will bring to our stakeholders. Not only will our clients benefit from an expanded portfolio of products and services – including an A- (Excellent) financial rating from A. M. Best – but it opens doors for our employees to enhance their skills and career options.”
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